FG rakes in 56.78bn from spectrum fees in 3years
Jonah Iboma The Federal Government has realized a total of N56.78bn from spectrum sales made by the Nigerian Communications Commission between 2007 and May 2009. According to a document released by the office of the Accountant-General of the Federation, a copy of which was made available to our correspondent on Tuesday, a breakdown shows that the commission paid N51,102,583,704.68 in 2007 into the Consolidated Revenue Fund ,while the sums of N2,375,138,083.00 and N3,279,350,270.78, were paid in 2008 and 2009 respectively. The document with reference number D(R&F)584/Vol.1/99 dated 22 June, 2009 and which was released by the AGF’s office following the contentious auction of 2.3GHz spectrum by the NCC in May 2009, was signed by the A.R. Ogah, the Director, Revenue and Investment at the AGF’s office. The document had been released by the AGF to the Economic and Financial Crimes Commission following claims by the Ministry of Communications that it received petitions protesting the proc...